Listing provided courtesy of Lutz Sales + InvestmentsGreater Heartland Region MLSMLS# 2616759MLS ProviderContact Information: 913-426-5576
  • 56 days on site
  • 8 views

This well-built 2008 fourplex in the A-class Villas at Chapman Farms neighborhood offers a turnkey, low-maintenance investment or multi-generational housing opportunity featuring two 3-bedroom and two 2-bedroom units, all with 2.5 bathrooms, private garages, fireplaces, and slab granite countertops. Uniquely titled as two separate parcels under one roof, the property allows for flexible purchase options (either two or all four units) and currently generates $4,415 per month in rent, though these current rents are significantly under market value. Filling the single vacant 3-bedroom unit at a market rate of $1,850 brings the total projected gross monthly rent to $6,265. A professional property management company is already in place and ready to continue, or you can choose your own management to oversee the asset. A quarterly HOA fee of $1,800 handles the heavy lifting by covering a community pool, lawn care, snow removal, exterior and roof maintenance, and structure insurance. No seller finance, please do not ask. Information deemed reliable but not guaranteed.

Source: Greater Heartland Region MLS, MLS#: 2616759

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  • Property Type
    Residential Income
  • Lot
    0.08 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 920-924 SW Imperial Lane


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/29/2026Source: Greater Heartland Region MLS Price Reduction
$799,000 -1.4%
6/16/2026Source: Greater Heartland Region MLS Status Change
Active
5/29/2026Source: Greater Heartland Region MLS Status Change
Show For Backups
5/5/2026Source: Greater Heartland Region MLS Added to Database
May 05, 2026